Sentiment bolstered after gold surged to over 2-week high in overseas markets on speculation that demand will increase in Asia, the largest consuming region, traders said.
At the Multi Commodity Exchange, gold for delivery in far-month April rose by Rs 213, or 0.76 per cent to Rs 28,410 per 10 grams in business turnover of 122 lots. However, silver prices for delivery in March rose by Rs 91, or 0.20 percent, to Rs 45,439 per kg in business turnover of 1,787 lots.
In a similar fashion, the yellow metal for delivery in February moved up by Rs 162, or 0.56 percent to Rs 29,130 per 10 grams in 1,529 lots. The white metal for delivery in May traded Rs 73, or 0.16 percent, higher at Rs 46,390 per kg in 40 lots.     

Globally, gold climbed one percent to USD 1,237.03 an, the highest level since December 18, in Singapore.

Analysts said the rise in silver prices at futures trade was mostly in line with a firming trend in the global market on speculation demand will rise.
Meanwhile, silver gained 1.3 percent to USD 20.28 an ounce in Singapore.


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